Vietnam imported motor vehicles to the tune of US$406 million in December, down from US$456 million in November, a change of -10.79 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$4,737 million worth of motor vehicles by the end of December.
China accounted for US$151 million worth of Vietnam’s motor vehicles imports in December. This was down from US$157 million in motor vehicles imports in November, a change of 3.99 percent. Year to date, China has shipped US$1,597 million worth of motor vehicles to Vietnam.
After China was Thailand making up US$86 million worth of Vietnam’s motor vehicles imports in December. This was down from US$98 million in motor vehicles imports in November, a change of 12.20 percent. Year to date, Thailand has shipped US$1,324 million worth of motor vehicles to Vietnam.
Next was Indonesia contributing US$79 million worth of Vietnam’s motor vehicles imports in December. This was down from US$101 million in motor vehicles imports in November, a change of 22.15 percent. Year to date, Indonesia has shipped US$1,103 million worth of motor vehicles to Vietnam.
Following Indonesia was Russia representing US$33 million worth of Vietnam’s motor vehicles imports in December. This was up from US$5 million in motor vehicles imports in November, a change of 608.30 percent. Year to date, Russia has shipped US$74 million worth of motor vehicles to Vietnam.
Rounding out the top five was Japan constituting US$27 million worth of Vietnam’s motor vehicles imports in December. This was down from US$45 million in motor vehicles imports in November, a change of 39.53 percent. Year to date, Japan has shipped US$288 million worth of motor vehicles to Vietnam.
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Vietnam imports of motor vehicles in December, US$m
| December | November | MoM | YTD | |
| Total | 406.39 | 455.55 | -10.79% | 4,737.02 |
| Other | 19.08 | 27.85 | -31.49% | 233.54 |
| China | 151.01 | 157.29 | -3.99% | 1,597.10 |
| Thailand | 85.70 | 97.61 | -12.20% | 1,323.65 |
| Indonesia | 78.61 | 100.97 | -22.15% | 1,103.30 |
| Russia | 32.57 | 4.60 | 608.30% | 74.11 |
| Japan | 27.32 | 45.18 | -39.53% | 288.17 |
| USA | 5.48 | 2.53 | 116.37% | 28.01 |
| South Korea | 4.80 | 18.85 | -74.55% | 61.00 |
| Austria | 1.21 | 0.00 | 0.00% | 1.74 |
| India | 0.32 | 0.00 | 0.00% | 0.37 |
| UK | 0.29 | 0.67 | -56.98% | 26.02 |
| Germany | 0.28 | 4.56 | -93.81% | 42.73 |
| France | 0.00 | 0.06 | -100.00% | 0.67 |
Listed motor vehicles companies
These companies are listed on the Ho Chi Minh City Stock Exchange.
Do Thanh Technology Corporation
Do Thanh Technology Corporation (DTT) manufactures automotive parts, plastic products, and mechanical components.
DTT closed at VND 16,000 on Wednesday down 0 percent with 0 shares traded, worth VND 0 million.
Foreign ownership in DTT is currently capped at 49.0 percent, with current foreign ownership sitting at 0.2 percent.
Dry Cell and Storage Battery JSC
Dry Cell and Storage Battery JSC (PAC) produces automotive and industrial batteries under the PINACO brand.
PAC closed at VND 22,500 on Wednesday up 0.5 percent with 2,060,000 shares traded, worth VND 4,607 million.
Foreign ownership in PAC is currently capped at 50.0 percent, with current foreign ownership sitting at 12.0 percent.
Vingroup JSC
Vingroup JSC (VIC) is Vietnam’s largest private conglomerate, operating in real estate, automotive (VinFast), healthcare, and education.
VIC closed at VND 179,000 on Wednesday up 5.9 percent with 76,748,000 shares traded, worth VND 1,336,016 million.
Foreign ownership in VIC is currently capped at 96.4 percent, with current foreign ownership sitting at 6.2 percent.
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Vietnam motor vehicles news
Recent developments include:
Government inspection EV maker
Hung Yen provincial inspectors included TMT Motors in a 2026 inspection plan covering investment compliance at nearly 100 enterprises, including its electric vehicle assembly expansion project.
The company partnered with SAIC GM Wuling Automobile in 2023 and sold 591 electric vehicles in 2023, 1,358 in 2024, targeting 3,404 units in 2025.
Automotive MoU Geleximco-China’s LeeKr
Geleximco has signed a cooperation agreement with China’s LeeKr Technology, giving the Chinese chassis-systems supplier a pathway into Vietnam’s fast-growing electric-vehicle market.
The memorandum of understanding covers advanced automotive chassis components and aims to deepen supply-chain integration between the two companies.
Hong Kong-Taiwan EV factory Northern Vietnam
A delegation from Hong Kong and Taiwan, with representatives from Chengling Automobile and Zhaoling Electric Vehicle, has proposed a factory investment of about US$500 million (VND 13.2 trillion) in Thai Nguyen.
The plant would produce electric motorbikes, scooters, trucks, dump trucks, trailers and specialised vehicles.
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Vietnam’s motor vehicles industry
Vietnam’s motor vehicles industry has expanded steadily, driven by rising domestic demand, urbanisation, and the development of local manufacturing capacity.
The sector includes passenger cars, commercial vehicles, motorcycles, and a growing focus on electric vehicles and supporting components.
Domestic firms and foreign invested manufacturers operate assembly plants across the country, supported by an expanding supplier network and government industrial policies.
Challenges remain in localisation rates, technology transfer, and cost competitiveness, but the industry continues to attract investment as Vietnam positions itself as a regional automotive production hub.